MCI Bonds Decline on News
Of Trouble With BT Merger

Updated Aug. 21, 1997 9:13 p.m. ET

NEW YORK -- Bonds from MCI Communications Corp. declined on reports that its merger with British Telecommunications PLC could be renegotiated or even scrapped. MCI's 6.95% notes due 2006 were quoted at a spread of 0.50 percentage point over Treasurys, about 0.02 percentage point wider. MCI's 7.75% debentures due 2024 were being bid 0.10 percentage point wider at a spread of 1.10 percentage point over Treasurys.